Eurogas to Acquire Largest O&G Assets in Ontario

Dundee Corporation announced that its 54% owned subsidiary Eurogas Corporation has entered into an agreement to acquire the largest accumulation of oil and natural gas assets in Ontario for a cash purchase price, before closing adjustments, of $131 million. The Acquisition has an effective date of March 1, 2010 and is expected to close on or about May 27, 2010.